Global Partners Lp Preferred Stock Market Value
| GLP-PB Preferred Stock | USD 26.10 0.03 0.12% |
| Symbol | Global |
Global Partners 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Global Partners' preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Global Partners.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Global Partners on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Global Partners LP or generate 0.0% return on investment in Global Partners over 30 days. Global Partners is related to or competes with GasLog Partners, GasLog Partners, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasol... More
Global Partners Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global Partners' preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Global Partners LP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1969 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.4658 |
Global Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Partners' standard deviation. In reality, there are many statistical measures that can use Global Partners historical prices to predict the future Global Partners' volatility.| Risk Adjusted Performance | 0.1444 | |||
| Jensen Alpha | 0.0458 | |||
| Total Risk Alpha | 0.0058 | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | (0.99) |
Global Partners LP Backtested Returns
At this point, Global Partners is very steady. Global Partners LP holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Partners LP, which you can use to evaluate the volatility of the firm. Please check out Global Partners' Market Risk Adjusted Performance of (0.98), coefficient of variation of 458.47, and Risk Adjusted Performance of 0.1444 to validate if the risk estimate we provide is consistent with the expected return of 0.0495%. Global Partners has a performance score of 16 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0416, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Partners are expected to decrease at a much lower rate. During the bear market, Global Partners is likely to outperform the market. Global Partners LP right now retains a risk of 0.24%. Please check out Global Partners expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Global Partners will be following its current trending patterns.
Auto-correlation | 0.57 |
Modest predictability
Global Partners LP has modest predictability. Overlapping area represents the amount of predictability between Global Partners time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Global Partners LP price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Global Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Partners LP lagged returns against current returns
Autocorrelation, which is Global Partners preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Global Partners' preferred stock expected returns. We can calculate the autocorrelation of Global Partners returns to help us make a trade decision. For example, suppose you find that Global Partners has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Global Partners regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Global Partners preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Partners preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Partners preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Global Partners Lagged Returns
When evaluating Global Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Partners preferred stock have on its future price. Global Partners autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Global Partners autocorrelation shows the relationship between Global Partners preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Global Partners LP.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Global Preferred Stock
Global Partners financial ratios help investors to determine whether Global Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global Partners security.